Question

Question

YEAR

Switzerland

Unemployment rate

Bahamas

Unemployment rate 

2009

4.12%

14.25%

2010

4.81%

14.84%

2011

4.41%

14.52%

2012

4.49%

14.02%

2013

4.75%

16.18%

2014

4.83%

13.80%

2015

4.80%

12.00%

2016

4.92%

12.70%

2017

4.80%

9.80%

2018

4.71%

10.00%

 

1) What is the relationship observed between the countries?

2) What are three specific reasons that could account for the differences observed in the unemployment rate between these two countries (use real world examples)?

3) Explain three strategies/policies that can be implemented by the government to improve the accuracy of labour forces statistics?

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Economics

Unemployment

Related Economics Q&A

Find answers to questions asked by students like you.

Q: The following are excerpts from the article: Stirring the Pot . $80 Coffee Beans – Yikes! Bangor Tim...

A: Third-wave coffee operates in a monopolistic competition industry. As a result, it practices product...

Q: Question attahed in image

A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the ...

Q: Question 1 The M1 definition of the money supply includes all of the following EXCEPT Select one: a....

A: M1 is the most liquid form of money supply. This includes Currency in circulation, travellers checks...

Q: a. Define economies of scale and explain why they might arise. Definediseconomies of scale and expla...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: = 450 + 0.4Y I = 350G = 150X = 70Z = 35 + 0.1Y T = 0.15YYf = 1550Q.2.1 Calculate the level of autono...

A: We have the following information- C = 450 + 0.4Y I = 350G = 150X = 70Z = 35 + 0.1Y T = 0.15YYf = 1...

Q: Following are the supply and demand schedules for the market of Burgers:  Price                    ...

A: Demand(dd) curve shows us the connection between the P(price) and the Q(quantity): as the P of a goo...

Q: The inverse market demand in a homogeneous-product Cournot duopoly is P = 100 – 2(Q1 + Q2) and costs...

A: Note : Since there are multiple sub parts of the question , only the first three sub parts shall be ...

Q: A local drama company proposes a new neighbourhood theatre in Vancouver. Before approving thebuildin...

A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the f...

Q: (a) Why does the labour demand curve slope downwards?

A: Hello, thank you for the question. Since there are multiple questions asked here, only the first que...

Q: Q: Consider a market for Tea a normal good in Karachi. You are supposed to analyze and discuss the e...

A: The demand(d) for a good is determined by many factors. And each of these factors, when subject to c...

Q: Economics Question

A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the f...

Q: Question attahed in image

A: The aggregate demand curve is a curve which shows a negative relationship between the price level an...

Q: Which of the following costs are important to consider when making short run decisions for a firm * ...

A: We know that in the short run, there are both fixed and variable costs. Since some factors or input ...

Q: Question 1 Let’s assume that a country in the Caribbean reports the following labour statistical dat...

A: The people working including the jobless who are searching for employment is the labor force. It is ...

Q: Given the resources within the economy acme Pencil Company can produce one million pencils a year. H...

A: The theory of Keynesian economics that explains the result of an imbalance in aggregate supply (AS) ...

Q: 69. In a perfectly competitive market, industry demand is given by Q = 1000 – 20P. The typical firm’...

A: According to the question the industries demand function is given by Q = 1000 – 20P And, TC = 300 + ...

Q: (2) Your paycheque for the year is higher this year than last year. Does that mean that your real in...

A: 2) Increasing income does not always imply that real income has increased. If the paycheck has incre...

Q: Q) In the country of Kwaki, people fish for salmon and grow corn. In one year they fished $35 millio...

A: Click to see the answer

Q: explain why there is an Anti-globalist movement

A: Globalization refers to when an economy opens ups its boundaries to make exchange of various social,...

Q: explain the following picture. what does it capture? why is a higher than normal GDP growth rate acc...

A:   Meaning of Inflation under Business Cycle: Inflation generally arises when there is an excessive i...

Q: 99. In Macroland, a country that operates according to Okun's law, real GDP is $9.6 trillion, the ac...

A: When the economy is below full employment, the actual rate of unemployment is more than the natural ...

Q: The high transaction costs associated with a barter system refers to: Answer a. The fact that, often...

A: The deal has higher exchanges cost because of the requirement for a twofold occurrence of needs, the...

Q: Please answer using the methods or patterns of comparison. Thank You!

A: Land Route: First cost of cable is calculated as follows. First cost of cable=40,000×10=400,000 Annu...

Q: 1. how does the study of demography help governments and economies?   2. why is it important to stud...

A: Click to see the answer

Q: Fill in the Value of Money column in the following table. Quantity of Money Demanded Price Level (P)...

A: 1 divided by price level is the value of money. The value of money at each price level is shown in b...

Q: The monetary transmission mechanism can be depicted in the form of a graph or using symbols. Explain...

A: The monetary transmission mechanism can be defined as the mechanism through which demand of the econ...

Q: 45 60 70 75 (Ref 21-2 Table: Production Function for Soybeans) Use Table 21-2: Production Function f...

A: Fixed cost is defined as that part of the total cost that doesn’t depend on output level. There will...

Q: a. (i) Distinguish between legally required reserves and excess reserves. (ii) Why don't banks hold ...

A: a) Legally required reserves are amount of reserves that the bank is required to keep as a mandatory...

Q: Q27 How are the following three questions related: 1) Do all demand curves slope downward? 2) How do...

A: Macroeconomics is the study of whole or aggregate things. For example, Macroeconomics studies the ge...

Q: Suppose the State bank of Pakistan instructs its Trading Desk to purchase Pkr 5 billion of securitie...

A: Balance sheet is the financial statement of the organization which shows all the transaction at part...

Q: Barcelona and Los Angeles are similar, except Barcelona has a good public transportation system and ...

A: Demand(dd) curve is a downward-sloping curve which shows a negative relationship between the price(P...

Q: The solution method please.

A: The required reserve can be calculated by using the following formula.

Q: A) A student living in a university hostel has two options for meals: eating at the dining hall for ...

A: Hi, thanks for the question. Since there are multiple subpart questions posted, we will answer first...

Q: Consider a market with a demand curve P = 500 − 5Q which is being supplied by a monopolist. The cost...

A: 2) in a perfectly competitive industry there are large number of firms selling identical products th...

Q: Q) In the country of Kwaki, people fish for salmon and grow corn. In one year they fished $35 millio...

A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the f...

Q: The lockdown around the world has caused the rapid growth in the electronic market as people have sh...

A: Demand function, Qd = 65 – 10 P Supply function, Qs = -35 +15 P a) At the equilibrium, Qd = Qs 65 – ...

Q: If a manufacturer sets the price of the good at $ 10, he can sell 300 of this item in a year. If the...

A: I) Arc elasticity of demand  Ed= % change in quantity demanded/% change in price     = [(Q2-Q1)/(Q1+...

Q: 7. Compute for the number of blocks that an ice plant must be able to sell per month to break-even b...

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If ...

Q: Suppose Honda’s total cost of producing 4 cars is $225,000 and its totalcost of producing 5 cars is ...

A: Note : Since you have uploaded two questions together , only the first question shall be answered . ...

Q: Explain why a university degree can be treated as a form of capital.

A: Human Capital is a measure of education, skills, attributes and capacity of labour which affect the ...

Q: The use of quarterly data to develop the forecasting model Yt = a +bYt-1 is an example of which fore...

A: The forecasting refers to the prediction technique for a certain situation taking into consideration...